Shares of MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) fell 0.7% during mid-day trading on Friday . The company traded as low as $3.53 and last traded at $3.56. 63,662 shares were traded during mid-day trading, a decline of 18% from the average session volume of 78,023 shares. The stock had previously closed at $3.58.
MFS High Income Municipal Trust Stock Down 0.3%
The business has a 50 day moving average of $3.54 and a 200-day moving average of $3.63.
MFS High Income Municipal Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a $0.018 dividend. This is a positive change from MFS High Income Municipal Trust's previous monthly dividend of $0.02. This represents a $0.22 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Tuesday, July 15th.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new stake in shares of MFS High Income Municipal Trust during the first quarter valued at about $84,000. Almitas Capital LLC raised its holdings in shares of MFS High Income Municipal Trust by 13.6% during the first quarter. Almitas Capital LLC now owns 1,047,002 shares of the company's stock valued at $3,863,000 after buying an additional 125,165 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of MFS High Income Municipal Trust by 23.5% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 93,879 shares of the company's stock valued at $346,000 after buying an additional 17,843 shares during the last quarter. Quantum Financial Planning Services Inc. bought a new stake in shares of MFS High Income Municipal Trust during the first quarter valued at approximately $114,000. Finally, XTX Topco Ltd bought a new stake in MFS High Income Municipal Trust during the first quarter worth approximately $43,000. 34.37% of the stock is owned by hedge funds and other institutional investors.
About MFS High Income Municipal Trust
(
Get Free Report)
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.
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